Northrim BanCorp Inc (NASDAQ:NRIM) declared quarterly dividend of $ 0.35 per share, or $ 1.40 annualized.
The dividend will be payable on September 18, 2020, to stockholders of record on September 10, 2020, with an ex-dividend date of September 9, 2020.
Joe Schierhorn, President and CEO, said, We believe providing a consistent quarterly cash dividend is an excellent means of providing value to our shareholders, especially during these uncertain times. At the stock price of $26.01 per share at the close of the market on August 27, 2020, the current dividend equates to a yield of 5.38% on an annualized basis.
Dividends History
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Recent Earnings Announcement
Northrim BanCorp Inc came out with income for the second quarter of $ 1.52 per share, from the revenue of $ 17.46 million. Wall street analysts are predicting, NRIM to report 2Q20 income of $ 0.53 per share from revenue of $ 16.60 million. The bottom line results beat street analysts by $ 0.99 or 186.79 percent, at the same time, top line results outshined analysts by $ 0.86 million or 5.18 percent.
Stock Performance
Shares of Northrim BanCorp Inc traded up $ 0.61 or 2.33 percent on Friday, reaching $ 26.62 with volume of 1.80 thousand shares. The stock opened positive for the day at $ 26.35, after closing the previous day trading at $ 26.01.
According to the previous trading day, closing price of $ 26.01, representing a 50.17 % increase from the 52 week low of $ 17.32 and a 38.48 % decrease over the 52 week high of $ 42.28.
The company has a market capital of $ 169.50 million and is part of the Financial Services sector and Banks – Regional – US industry.
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals in Alaska. It operates in two segments, Community Banking and Home Mortgage Lending.
